May 4, 2017  Trade Alert - Wiley Wolf  Portfolio

We are a bit too long:

BTC 5 FB 05May17 155 calls (FB170505C155)

STO 5 FB 12May17 150 calls (FB170512C150) for a credit of $1.35  (selling a diagonal)

BTO 5 FB 21Jul17 145 calls (FB170721C145)
STC 5 FB 16Jun17 145 calls (FB170616C145) for a debit of $1.38 (buying a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry